You will often see the terms Bits, Bytes, Kilobytes, Megabytes and Gigabytes (or their abbreviations) being thrown around in guides such as this one. A Bit is the lowest form of computer information and can take the value 0 or 1 (i.e. Off or On). All computer functionality is derived from the behavior of Bits. For our purposes, the main conversion factors you need to know are:
8 bits (b) =1 Byte (B)
1,024 Bytes =1 Kilobyte (KB)
1,024 Kilobytes (KB) =1 Megabyte (MB) 1,024 Megabytes (MB) =1 Gigabyte (GB)
Note in particular that the general convention is that bits are shown as a small ‘b’, and Bytes are shown as a capital B. E.g.: 512kbps is 512 kilobits per second, which translates to 64KB/s (KiloBytes per second).